Helaba heads sub-Euribor as core covered supply restarts

Landesbank Hessen-Thüringen Girozentrale (Helaba) this week launched the first benchmark covered bond from core Europe in over a month and became only the second issuer in four years to price a benchmark trade through mid-swaps.

02 Nov 2012

Leads BNP Paribas, Deutsche Bank, Helaba, Natixis and UBS opened books on the 500m five year no-grow mortgage Pfandbrief with guidance of the mid-swaps minus 5bp area on Tuesday. This was revised to minus 5bp/7bp after orders rose to 900m within an hour, and the deal was priced
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